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mHUB

Accelerator

Chicago · Pre-Seed–Seed · 35 people tracked

Not to be confused with mHUB (Accelerator · Chicago, US)

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Investment thesis

mHUB Ventures focuses on closing the capital gap in hardtech by investing at the pre-seed stage, before technical risk has been reduced. It targets companies building physical-world technologies across three sectors: energy (renewables, hydrogen, carbon capture, batteries), medtech (medicine delivery, remote monitoring, diagnostics, connected devices), and smart/sustainable manufacturing (industrial tech, predictive maintenance, robotics, automation). Investments run through the Spark Fund I and Spark Fund II, and every portfolio company enters a six-month accelerator emphasizing prototyping, pilot deployment, and supply-chain management. The firm supplements capital with engineering resources, over $6M in prototyping equipment, corporate pilot partners, fundraising support, and mentorship to move technologies from prototype to commercial adoption.

Source: firm website, verified Sep 26, 2026.

Stage
Pre-Seed–Seed
Check
$200K
HQ
Chicago, IL, US
Leads rounds
Follows
Instruments
Equity
Founded
2017
Portfolio companies
7

Team · 35 people

from the firm's website & curated
Kevin Willer· Founder and CEO at 1871; Partner at Chicago Ventures

Board member, founder and CEO of 1871 and partner at Chicago Ventures.

Steven Koch· Managing Partner of the mHUB Product Impact Fund I

Managing partner of the mHUB Product Impact Fund I.

Jonathan Romick· General Counsel at Linden Capital Partners

Board member serving as General Counsel at Linden Capital Partners.

Meredith O'Connor· Vice Chairman at JLL; Co-Chairman Advisory Board at First Women's Bank

Board member who is Vice Chairman at JLL and co-chairs the advisory board at First Women's Bank.

Michael Wallach· Head of Alternative Investments at Levy Family Partners

Board member and Head of Alternative Investments at Levy Family Partners.

Shamira Quiñones· Entrepreneur Engagement Programs Coordinator

Founder mafia

5 people who came through mHUB went on to found or lead other companies.

What they invest in

from 4 of 7 portfolio companies

Advanced Manufacturing ×2Hardware ×2Cleantech ×1Deep Tech ×1Enterprise Software ×1Healthtech ×1IoT ×1New Materials ×1

HQs:United States×3

Portfolio companies · 7 tracked

alumni founders can tell you what the program is really like
Grapherrygrapherry.com

Grapherry produces scalable graphene and graphene oxide derived from waste carbon for industrial use across energy, construction, composites, and agriculture.

Advanced ManufacturingCleantechNew Materials

Kwemakwema.co

Kwema makes a smart badge reel with a discreet duress button that lets employees call for help, plus an emergency response system that automates roll call during evacuations.

Enterprise SoftwareHardwareIoT

Carmina Santamaria(Founder)in

Co-investorsCapital Innovators

Madison Scientificmadsci.comin

Chicago-based medical device company developing the SmartShunt smart electromechanical shunt system for hydrocephalus.

HealthtechChicago, US

Tyler Wanke(Executive Officer, Director)inBermans Iskandar(Director)Joshua Medow(Executive Officer, Director)

BoardJoshua Carson(Director)inJohn Slump(Director)

Co-investorsIllinois VenturesEndeavor Health Ventures

Maxwell Labsmaxwell-labs.comin

Little Canada, US

Jacob Balma(Executive Officer, Director, Promoter)inAlejandro Rodriguez(Executive Officer)inMichael Karpe(Executive Officer)Joseph Kenneth Balma(Director, Promoter)

BoardNick Swenson(Director)Gary Burandt(Director)

Co-investorsGROOVE CAPITALMonozukuri Ventures

mHUBmhubchicago.comin𝕏

mHUB is a hardtech innovation center offering prototyping labs, a startup incubator and accelerator, R&D services, and corporate innovation and venture capital programs.

Advanced ManufacturingDeep TechHardwareChicago, US

Bill Fienup(Founder)in

Co-investorsHyde Park Angels

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

coursesSandbox Carbon

Frequently asked questions

How many investments has mHUB made?
mHUB has 7 tracked investments.
What stage does mHUB invest at?
mHUB invests at the Pre-Seed, Seed stages.
What is mHUB's typical check size?
mHUB typically writes checks of $200K.
What sectors does mHUB focus on?
mHUB focuses on Advanced Manufacturing, Deep Tech, Energy, Hardware, IoT, Medical Devices.
Where is mHUB located?
mHUB is headquartered in Chicago, US.
Does mHUB lead rounds?
mHUB typically participates in rounds rather than leading them.
Who does mHUB co-invest with?
mHUB most often shares deals with Capital Innovators, GROOVE CAPITAL, Illinois Ventures, among 4 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Bill Fienup- Director of Innovation Services & Co-Founder, mHub

Bill Fienup · vimeo.com

NOAH System | Lead-Free Water Made Easy

mHUB

2026 mHUB & Current Water Tech Demo Day

mHUB

mHUB Industry Disruptors featuring serial entrepreneur Kristi Ross

mHUB

mHUB HardTech Summit | Rising Star Pitch Competition

mHUB

2026 mHUB HardTech Summit | Medical Moonshots in the Machine Age

mHUB

Images

mHUB photo

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